1. What is the real increase in value if $1,500 is invested for one year at 6% interest and the rate of inflation during that time is 2.55% 2. Southern Miss Athletics has a commitment from a sponsor for a $55,000 payment in three years. What is the present value of that money if it discounted at: 1. 3% 2. 5% 3. 9% 3. Austin Riley of the Atlanta Braves signs a five-year endorsement deal with a Body Armor sports drink. Under this deal, Riley will receive $50,000 each year for the first three years, and $75,000 each year for the final two years. What is the present value of the total deal if the payments are discounted at 6\%? 4. What is the present value of $22,000, invested at 8% interest, compounded yearly for 10 years